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Income and Corporation Taxes Act 1988

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Changes over time for: Section 840A

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Version Superseded: 01/04/2010

Status:

Point in time view as at 06/04/2007. This version of this provision has been superseded. Help about Status

Changes to legislation:

Income and Corporation Taxes Act 1988, Section 840A is up to date with all changes known to be in force on or before 20 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[F1840A Banks.U.K.

(1)In any provision [F2of the Corporation Tax Acts] in relation to which it is provided that “bank” has the meaning given by this section “bank” means—

(a)the Bank of England;

[F3(b)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits other than—

(i)a building society within the meaning of the Building Societies Act 1986,

[F4(ii)a society registered within the meaning of the Friendly Societies Act 1974 M1 or incorporated under the Friendly Societies Act 1992 M2,]

(iii)a society registered as a credit union under the Industrial and Provident Societies Act 1965 M3 or the Credit Unions (Northern Ireland) Order 1985 M4, or

(iv)an insurance company within the meaning of section [F5 275 of the Finance Act 2004;]

(c)an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the Financial Services and Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits;] or

[F6(ca)the European Investment Bank; or]

(d)a relevant international organisation which is designated as a bank for the purposes of that provision by an order made by the Treasury.

(2)F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)For the purposes of subsection (1) above, a relevant international organisation is an international organisation of which the United Kingdom is a member.]

Textual Amendments

F2Words in s. 840A(1) inserted (6.4.2007 with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), Sch. 1 para. 226(a) (with Sch. 2)

F6S. 840A(1)(ca) inserted (6.4.2007 with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), Sch. 1 para. 226(b) (with Sch. 2)

F7S. 840A(2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), art. 46(3)

Marginal Citations

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